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the European economy. It has forced policy-makers in the EU and elsewhere to respond with exceptional measures to counter …. Results of our internal ECFIN analyses have been published in a special issue of European Economy in 2009. Our research work …". Following the Opening Lecture, sessions dealt with the political economy of reform, the design of financial systems and issues …
Persistent link: https://www.econbiz.de/10011291907
The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and keen debate on the future of Europe's economic governance. In that sense it took place at the ideal moment. Participants debated the causes and consequences of the crisis, and...
Persistent link: https://www.econbiz.de/10011291910
Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not only for the 1.3 bn. Chinese citizens, but it could make an important contribution in addressing global imbalances. Understanding what drove the consumption share down to a mere...
Persistent link: https://www.econbiz.de/10011291913
There is a widespread perception that imbalances within the euro area are not adjusting, the major difficulty being that the competitive disinflation processes required in deficit countries are painful, while no strong incentives are always available in surplus countries to reduce their excess...
Persistent link: https://www.econbiz.de/10011298656
China's economy slowed significantly in the first three quarters of 2012 and questions have been raised on a possible … the Chinese economy experiencing just a "temporary malaise"; is it at the beginning of a sharper and more prolonged …
Persistent link: https://www.econbiz.de/10011298658
Amidst current fears of recession and economic stagnation, this note presents an optimistic view of the euro area's prospects over the medium-term. We claim that the EA has a more than fair chance to leave the crisis behind in a much stronger overall position than before, not least vis-à-vis...
Persistent link: https://www.econbiz.de/10011298659
The US, Japan and China appear to be heading towards a "new normal". However, the 2014-16 period will be critical to ensure that global growth is put on a sustainable path as ample challenges persist. The brief will first discuss what the new manual would look like in the US, Japan and China. It...
Persistent link: https://www.econbiz.de/10011298675